Questions about getting a Tax ID


camden4878
Free Member
  • Posts: 5
  • Joined: 11 Mar 10
  • Karma:
30 Jul 09 12:43:57 am
Hey guys I am new to this. I have been looking around at different sources and alot of them require a tax id. I am simply looking to buy and resell on ebay, but do not have a tax id.
1.) Is it worth the hassle to get one?
2.) How much is it?
3.) Where do I go to get it?


satya
ex-member
  • Posts: 1778
  • Joined: 02 Jun 09
  • Karma:
30 Jul 09 01:13:33 am
Hello camden4878,

Check this out :

WHEN DO YOU NEED A SELLER’S PERMIT (SALES TAX ID)?

* If you live in the USA or Canada. Most states have a sales tax, but there are a couple that don’t. If you reside in one of these states just let the wholesaler know and they may have a different form or requirement for you to complete.
* If you sell online to make money (i.e. You sell more seriously than just getting rid of a few old things from around the house every now and then). You need a seller’s permit so you can charge and collect taxes, which you’ll pay to your state government later.
* If you want to purchase goods wholesale from a US supplier (and you are also based in the US), you need a seller’s permit to buy wholesale sales tax free.

We strongly recommend you get one as it will give you access to even MORE wholesalers.

WHAT DO YOU NEED TO GET A SELLER’S PERMIT (SALES TAX ID)?

Exactly what you need to get a sales tax ID varies by State. You may need:

* To be a business entity. This means you are a company or sole proprietor. Being a sole proprietor means you are working for yourself under your own name. If you are working for yourself (which is how most people get started selling online, just fill in your own name under your business trading name). Being a company means that you have registered a company under a trading name.

Find out more here: Link hidden: Login to view

* To have a Federal Tax ID number.

Find out more here: Link hidden: Login to view

WHERE DO I GET MY SELLERS’ PERMIT (SALES TAX ID)?

You can try Googling it – Most states have an online form on their website these days. Most states also charge a small fee. This varies from state to state, but it's usually around $50.

If you can’t find any information online on how to get a seller permit, then just contact or visit your local County Clerk Office.

WHAT IF YOU LIVE OUTSIDE THE US AND THE SUPPLIER ASKS FOR A SALES TAX ID?

Usually you just need to provide something equivalent in your country, for example your VAT registration in the EU or the UK, or your ABN or GST registration in Australia and New Zealand.

Hope that helps. All the best!


grace-salehoo
Full Member
  • Posts: 331
  • Joined: 15 Jun 06
  • Karma:
30 Jul 09 01:26:39 am
Welcome to SaleHoo!

1.) Is it worth the hassle to get one?

Yes because it lets you buy from a larger number of suppliers. (And it's really not that much hassle to get - see below).

2.) How much is it?

It's free in most US states, but if there is a cost it's usually a low fee just to cover processing.

3.) Where do I go to get it?

The easiest way is to apply online. Just search for 'sales tax id + your state'. Most states have comprehensive FAQs and an online form these days. Alternatively, you can call into your County Clerk's office.

If you live outside the US & Canada, then wholesalers may want to see the nearest equivalent of a sales tax ID when you purchase -e.g. your VAT or GST registration number.


Grace


camden4878
Free Member
  • Posts: 5
  • Joined: 11 Mar 10
  • Karma:
30 Jul 09 11:56:33 am
Thanks guys I appreciate the input!


 

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